Section 3: The individual retirement savings plan

The insurance company shall inform the Supervisory Committee at least once every six months about the management of the plan and shall submit to it, within six months of the end of the previous financial year, an annual report on the actuarial balance and the administrative, technical and financial management of the plan.

In the event of the transfer referred to in the fifth paragraph of article L. 224-6, the choice of a new manager is subject to a competitive tender procedure and is submitted to the general meeting of the subscribing association, on the recommendation of the supervisory committee. The Supervisory Committee examines whether the plan should be renewed with the insurance company or whether it should be put out to competitive…

The provisions of this sub-section do not apply: -to the contract under the supplementary pension scheme set up by the Caisse nationale de prévoyance de la fonction publique mentioned inarticle L. 132-23 of the French Insurance Code; -to the group insurance agreement called “complémentaire retraite des hospitaliers” mentioned in article L. 132-23 of the French Insurance Code; -the contract underwritten as part of the scheme managed by the Union mutualiste…